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Kissht’s consolidated net profit doubled to ₹125.1 Cr in Q2 FY27 from ₹62.4 Cr a year earlier, while operating revenue jumped 44.7% to ₹731.8 Cr Revenue growth outpaced the 34.9% increase in expenses, lifting net profit margin The Details: The company’s board approved a ₹624.1 Cr investment in lending subsidiary Si Creva from preferential issue proceeds Lending tech platform Kissht’s parent OnEMI Technology Solutions reported a 100.4% jump in consolidated net profit to ₹125.1 Cr in the September quarter of FY27 from ₹62.4 Cr a year earlier. Operating revenue climbed 44.7% to ₹731.8 Cr during the quarter under review from ₹505.7 Cr in Q2 FY26. On a sequential basis, net profit grew 31.6% from ₹95.1 Cr, while operating revenue rose 9.3% from ₹669.5 Cr. Including other income of ₹8.5 Cr, Kissht’s total income stood at ₹740.3 Cr in Q2 FY27. Total expenses increased 34.9% YoY to ₹586 Cr from ₹434.5 Cr. The company’s pre-provision operating profit, which excludes impairment costs and tax, rose 39.9% YoY to ₹287 Cr from ₹205 Cr. Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht offers digital lending products, including personal loans and loans against property (LAP). Its group includes lending subsidiary Si Creva Capital Services. Kissht’s assets under management (AUM) grew 68% YoY and 16% sequentially to ₹9,317 Cr at the end of September 2026, driven by continued expansion of its lending portfolio. Personal loans accounted for ₹8,580 Cr, or 92.1% of AUM, while LAP contributed ₹737 Cr, or 7.9%. Off-book loans, originated through arrangements with partner lenders, accounted for ₹5,118 Cr, or 54.9% of total AUM. Kissht had more than 45 active lending and co-lending partners at the end of the September quarter. The company said it had served 12.8 Mn customers cumulatively, including 3.61 Mn active customers, at the end of the quarter. Its LAP business operated through 107 branches across nine states and Union Territories. Total loan disbursements rose 55.7% YoY to ₹4,611.5 Cr. Disbursements also increased 21% sequentially from ₹3,811.9 Cr in Q1 FY27. The average ticket size of loans disbursed increased 84.7% YoY to ₹43,377, while average loan tenure rose 43% to 17.8 months from 12.45 months. Self-employed borrowers accounted for 54.7% of customers. Kissht’s Asset Quality Improves Kissht’s gross non-performing asset (GNPA) ratio declined to 2.18% from 2.93% a year earlier and 2.25% in the June quarter. Net NPA ratio stood at 0.34% as against 0.36% in Q1 FY27. The provision coverage ratio, which measures provisions against gross bad loans, was 84.55%. Collection efficiency for loans up to 30 days past due (DPD) stood at 97.12% during the quarter. The lender attributed its performance to its underwriting and risk management systems, including the use of AI and machine learning in credit decisioning, fraud detection, and collections. “Our priorities remain unchanged: to grow sustainably without compromising credit quality and to deliver consistent, profitable returns over the long term,” chairman, director, and CEO Singh said. For FY27, Kissht raised its AUM growth guidance to over 60% from over 40%. It also guided for a reduction of more than 15% YoY in credit costs as against 10-15% earlier. The company maintained its GNPA target at below 2.25% and revised its return on average equity (RoAE) guidance to over 20% from a range of 19-21%. Alongside the results, Kissht’s board approved a ₹624.1 Cr investment in wholly owned subsidiary Si Creva through a rights issue. The investment will use at least 75% of the proceeds from its ₹832.2 Cr preferential issue to strengthen the subsidiary’s capital base for business growth. The infusion is expected to be completed by the end of December.
document fetched 2026-10-30 02:57 · canonical https://inc42.com/buzz/kissht-q2-profit-doubles-to-%e2%82%b9125-cr-revenue-jumps-45-yoy